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Fading Hope in the US

Author

Listed:
  • Ritzen, Jo

    (IZA and Maastricht University)

  • Zimmermann, Klaus F.

    (University of Bonn)

Abstract

A substantial literature claims that the strong increase in inequality over the last decade in countries such as the US would lead to a collapse of society. Fading hopes in the population seem to confirm this. The paper rejects this interpretation since the decline in hopes cannot be traced back to rising inequality.

Suggested Citation

  • Ritzen, Jo & Zimmermann, Klaus F., 2012. "Fading Hope in the US," IZA Discussion Papers 6340, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp6340
    as

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    File URL: https://docs.iza.org/dp6340.pdf
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    References listed on IDEAS

    as
    1. Raghuram G. Rajan, 2010. "Fault Lines: How Hidden Fractures Still Threaten the World Economy," Economics Books, Princeton University Press, edition 1, number 9111.
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    More about this item

    Keywords

    confidence; ethnicity; hope; human capital; income inequality;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • J15 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination

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